ICT Concepts

The ICT Concepts indicator regroups core concepts highlighted by trader and educator "The Inner Circle Trader" (ICT) into an all-in-one toolkit. Features include Market Structure (MSS & BOS), Order Blocks, Imbalances, Buyside/Sellside Liquidity, Displacements, ICT Killzones, and New Week/Day Opening Gaps.

Settings

Mode

• When Present is selected, only data of the latest 500 bars are used/visualized, except for NWOG/NDOG
  

Market Structure

• Enable/disable Market Structure.
  
• Length: will set the lookback period/sensitivity.
  
• In Present Mode only the latest Market Structure trend will be shown, while in Historical Mode, previous trends will be shown as well:

Displacement

• Enable/disable Displacement.
  

Volume Imbalance

• Enable/disable Volume Imbalance.
  
• # Visible VI's: sets the amount of visible Volume Imbalances (max 100), color setting is placed at the side.

Order Blocks

• Enable/disable Order Blocks.
  
• Swing Lookback: Lookback period used for the detection of the swing points used to create order blocks.
  
• Show Last Bullish OB: Number of the most recent bullish order/breaker blocks to display on the chart.
  
• Show Last Bearish OB: Number of the most recent bearish order/breaker blocks to display on the chart.
  
• Color settings.
  
• Show Historical Polarity Changes: Allows users to see labels indicating where a swing high/low previously occurred within a breaker block.
  
• Use Candle Body: Allows users to use candle bodies as order block areas instead of the full candle range.

Liquidity

• Enable/disable Liquidity.
  
• Margin: sets the sensitivity, 2 points are fairly equal when:
        'point 1' < 'point 2' + (10 bar Average True Range / (10 / margin)) and
        'point 1' > 'point 2' -   (10 bar Average True Range / (10 / margin))

• # Visible Liq. boxes: sets the amount of visible Liquidity boxes (max 50), this amount is for Sellside and Buyside boxes separately.
  
• Colour settings.

Fair Value Gaps

• Enable/disable FVG's.
  
• Balance Price Range: this is the overlap of latest bullish and bearish Fair Value Gaps. By disabling Balance Price Range only FVGs will be shown.
• Options: Choose whether you wish to see FVG or Implied Fair Value Gaps (this will impact Balance Price Range as well)
  
• # Visible FVG's: sets the amount of visible FVG's (max 20, in the same direction).
  
• Color settings.

NWOG/NDOG

• Enable/disable NWOG; color settings; amount of NWOG shown (max 50).
  
• Enable/disable NDOG    ; color settings; amount of NDOG     shown (max 50).

Fibonacci

This tool connects the 2 most recent bullish/bearish (if applicable) features of your choice, provided they are enabled.

Killzones

• Enable/disable all or the ones you need.
  
• Time settings are coded in the corresponding time zones.

Usage

By default, the indicator displays each feature relevant to the most recent price variations in order to avoid clutter on the chart & to provide a very similar experience to how a user would contruct ICT Concepts by hand.

Users can use the historical mode in the settings to see historical market structure/imbalances. The ICT Concepts indicator has various use cases, below we outline many examples of how a trader could find usage of the features together.

In the above image we can see price took out Sellside liquidity, filled two bearish FVGs, a market structure shift, which then led to a clean retest of a bullish FVG as a clean setup to target the order block above.

Price then fills the OB which creates a breaker level as seen in yellow.

Broken OBs can be useful for a trader using the ICT Concepts indicator as it marks a level where orders have now been filled, indicating a solidified level that has proved itself as an area of liquidity. In the image above we can see a trade setup using a broken bearish OB as a potential entry level.

We can see the New Week Opening Gap (NWOG) above was an optimal level to target considering price may tend to fill / react off of these levels according to ICT.

In the next image above, we have another example of various use cases where the ICT Concepts indicator hypothetically allow traders to find key levels & find optimal entry points using market structure.

In the image above we can see a bearish Market Structure Shift (MSS) is confirmed, indicating a potential trade setup for targeting the Balanced Price Range imbalance (BPR) below with a stop loss above the buyside liquidity.

Although what we are demonstrating here is a hindsight example, it shows the potential usage this toolkit gives you for creating trading plans based on ICT Concepts.

Same chart but playing out the history further we can see directly after price came down to the Sellside liquidity & swept below it...

Then by enabling IFVGs in the settings, we can see the IFVG retests alongside the Sellside & Buyside liquidity acting in confluence.

Which allows us to see a great bullish structure in the market with various key levels for potential entries.

Here we can see a potential bullish setup as price has taken out a previous Sellside liquidity zone and is now retesting a NWOG + Volume Imbalance.

Users also have the option to display Fibonacci retracements based on market structure, order blocks, and imbalance areas, which can help place limit/stop orders more effectively as well as finding optimal points of interest beyond what the primary ICT Concepts features can generate for a trader.

In the above image we can see the Fibonacci extension was selected to be based on the NWOG giving us some upside levels above the buyside liquidity.